Five reasons why China’s economy is in trouble

Date:

Official growth figures for the July to September quarter are expected soon – if the world’s second-largest economy contracts, that increases chances of a global recession. Beijing’s goal – an annual growth rate of 5.5% – is now out of reach although officials have downplayed the need to meet the target. China narrowly avoided contraction in the April to June quarter. This year, some economists do not expect any growth.

Share post:

Subscribe

Popular

More like this
Related

Microsoft lays off more gaming staff in new cuts

MicrosoftThe games industry has been hit by mass layoffs...

Leader in the Field of Mechanical Engineering: Mr. Wang Tuo’s Journey of Innovation

Under the strong push of the global Industry 4.0...

Cregis Embarks on a Global Journey to Build the Leading Brand in Digital Asset Infrastructure Services

Cregis is a well-established, enterprise-grade Web3 asset management platform....

Cregis Will Attend Singapore Token2049 Summit as a Sponsor and Continue Expanding in Southeast Asia

Cregis, an enterprise-grade crypto infrastructure platform, provides customized Wallet-as-a-Service...